This acquisition probably does not affect Celebrity Cruises directly, though it may consume capital that otherwise might have built another vessel of the Solstice class, but it's good news for those of us who own shares of the company. The European cruise market is growing more rapidly than the North American cruise market, so Pullmantur should be ripe for expansion.

As a stockholder, I certainly agree with this acquisition. This could also have a direct affect on Celebrity, as it may be profitable to take one or two of their older ships and refit them to be used in the Madrid based Pullmantur S.A. cruise operations.